Journal ArticleDOI
Three level supply chain model with variable demand rate under partial trade credit policy
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In this paper, the authors generalize a partial trade credit policy in a three echelon supply chain system involving a single manufacturer, a single distributor and a single retailer, and develop an integrated inventory model to determine the minimum system cost, the optimal cycle time, optimal order quantity and optimal payment time.Abstract:
In this study, we generalise a partial trade credit policy in a three echelon supply chain system involving a single manufacturer, a single distributor and a single retailer. Here the manufacturer provides a delay period to the distributor and the distributer offers less trade credit period to the retailers, and the retailer also offers the partial trade credit to his customers. Demand and production rate are considered time dependent. This article develops an integrated inventory model to determine the minimum system cost, the optimal cycle time, optimal order quantity and optimal payment time. Suitably selected numerical examples highlight the obtained results. Sensitivity analysis of the optimal solution with respect to major parameters of the system has been carried out and the implications are discussed.read more
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A three echelon supply chain model with stochastic demand dependent on price, quality and energy reduction
TL;DR: In this paper , the authors formulated a three echelon supply chain model when the demand of items is assumed to be stochastically dependent on price, quality and reduction of energy.
References
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Journal ArticleDOI
Economic Order Quantity under Conditions of Permissible Delay in Payments
TL;DR: In this article, a mathematical model for obtaining the economic order quantity for an item for which the supplier permits a fixed delay in settling the amount owed to him is presented, and an example has been solved to illustrate the method.
Journal ArticleDOI
Ordering Policies of Deteriorating Items under Permissible Delay in Payments
S. P. Aggarwal,Chandra K. Jaggi +1 more
TL;DR: In this paper, an attempt has been made to obtain the optimum order quantity of deteriorating items under a permissible delay in payments, where it is found that the supplier allows a certain fixed period to settle the account, but beyond this period interest is charged under the terms and conditions agreed upon and moreover, interest can be earned on the revenue received during the credit period.
Journal ArticleDOI
Optimal retailer's ordering policies in the EOQ model under trade credit financing
TL;DR: It is assumed that the retailer also adopts the trade credit policy to stimulate his/her customer demand to develop the retailer's replenishment model and a theorem is developed to determine efficiently the optimal ordering policies for the retailer.
Journal ArticleDOI
An inventory model with deteriorating items under inflation when a delay in payment is permissible
TL;DR: In this paper, an inventory model for initial-stock-dependent consumption rate when a delay in payment is permissible is developed, where shortages are not allowed and the effect of the inflation rate, deterioration rate, and initial- stock dependent consumption rate and delay-in-payment are discussed.
Journal ArticleDOI
A theorem on the determination of economic order quantity under conditions of permissible delay in payments
TL;DR: In this paper, the economic quantity under conditions of permissible delay in payments is discussed and a theorem is developed to determine the economic order quantity with respect to the total annual variable cost function.